TOPAZ ENERGY CORP (TPZ.CA) Stock Technical Analysis
TSX:TPZ - Toronto Stock Exchange - CA89055A2039 - Common Stock - Currency: CAD
Taking everything into account, TPZ scores 4 out of 10 in our technical rating. In the last year, TPZ was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
TPZ has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.30, a Stop Loss order could be placed below this zone.
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21.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.20 to 25.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.91 from a trend line in the weekly time frame.
- A support zone ranging from 22.10 to 22.14. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 26.23 to 26.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.32 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TPZ.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TPZ.CA is neutral. |
| ChartMill Relative Strength | 43.34 | NEUTRAL | TPZ.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TPZ.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPZ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TPZ.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.61 | NEUTRAL | The RSI value for TPZ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TPZ.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.46 | NEUTRAL | The Stochastics value for TPZ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for TPZ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 14.55 | NEGATIVE | The low ADX value for TPZ.CA suggests a weak or negative trend. |
TSX:TPZ (7/11/2025, 7:00:00 PM)
25.48
+0.04 (+0.16%)